Australia's Bapcor hits record low on trimming annual earnings view

Bapcor

14/05/2026 02:22

Updates

** Shares of Bapcor BAP.AX fall as much as 22.3% to a record low of A$0.40

** Stock logs largest intraday pct drop since late February

** Auto parts retailer sees FY26 underlying EBITDA (post AASB16) of A$144 million-A$150 million ($104.41 million-$108.77 million) vs earlier forecast of A$150 million-A$160 million

** Attributes forecast change to material deterioration in trading conditions since late March with the start of the Middle East conflict and increase in interest rates

** Downgrade should lead to investors being more sceptical about co's turnaround prospects, noting this is the fourth CEO trying to turn around the business since 2022 - Citi

** Stock down 72.2% YTD, including the day's moves

($1 = 1.3791 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))